ExxonMobil Agrees to License Refinery Process Models

March 24, 2010 at 10:13 am Leave a comment

Invensys Operations Management has entered into an agreement with ExxonMobil Research and Engineering Co. (EMRE) that allows Invensys to sub-license a suite of EMRE’s refinery process models to third parties. The suite of models will be delivered through Invensys Operations Management’s market-leading SimSci-Esscor® optimization software, using its ROMeo® solution to enable clients to model and optimize process units.

“With depressed demand, decreased margins and increased environmental mandates, refiners no longer have the option to simply operate at maximum throughput,” said Sudipta Bhattacharya, president and chief executive of Invensys Operations Management. “Over the course of the coming decade, we will see a drastic shift in the oil industry as refiners constantly optimize their operations in the face of changing feedstock and energy costs, product specs and margins. Refiners will increasingly rely on accurate modeling technologies to construct a refinery-wide picture and assess the financial impact of different operating scenarios. Our SimSci-Esscor optimization software and ROMeo solution, combined with EMRE process models, enables refiners to make improved economic decisions throughout the refinery, from crude feed to final product blending.”

While traditional modeling solutions can only simulate individual process units or provide point solutions to solve a specific problem, Invensys Operations Management’s SimSci-Esscor solution provides a scalable software environment that enables companies to optimize refinery-wide performance, as well as other aspects of refinery profitability, such as utilities and instrument/equipment health monitoring. Additional benefits are derived from leveraging the data generated by rigorous models to enhance planning and scheduling decisions, leading to increased refinery margins.

“These modeling improvements allow refiners to better optimize their operations,” said Charles Darnell, global manager for optimization, ExxonMobil Research and Engineering Co. “We use ROMeo technology in our plants for multiple applications and continue to work with Invensys to develop improvements in this technology.”

www.invensys.com

www.exxonmobil.com

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Entry filed under: Automation Solutions, Simulation & Modeling. Tags: , , , , , , .

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